TAMPA BAY, Fla. — February 1, 2023 — KnowBe4, Inc. (“KnowBe4”), the supplier of the world’s largest safety consciousness coaching and simulated phishing platform, at this time introduced the completion of its acquisition byVista Fairness Companions (“Vista”), a number one international funding agency targeted solely on enterprise software program, information and technology-enabled companies, for $24.90 per share in money.
“As we speak’s acquisition is a major milestone for the complete KnowBe4 workforce. It’s consultant of our achievements thus far, in addition to our potential for continued long-term development,” stated Stu Sjouwerman, founder, Chairman and Chief Govt Officer of KnowBe4. “Vista gives the assets and operational experience to reinforce buyer worth. We’re thrilled to embark on this subsequent chapter and notice our targets for addressing cybersecurity’s weakest hyperlink.”
“The human factor stays probably the most essential but uncared for features of cybersecurity,” stated Michael Fosnaugh, Co-Head of Vista’s Flagship Fund and Senior Managing Director. “The chance to scale a enterprise that’s really mission-critical to enterprises around the globe is core to Vista’s funding strategy and worth creation efforts. This, mixed with Stu’s observe document as a visionary founder and KnowBe4’s demonstrated product management, makes partnering with the Firm very thrilling.”
With the completion of the transaction, KnowBe4 shares have ceased buying and selling and are not listed on the Nasdaq World Choose Market.
Morgan Stanley & Co. LLC served as monetary advisor and Potter Anderson & Corroon served as authorized counsel to KnowBe4’s Particular Committee. Wilson Sonsini Goodrich & Rosati, Skilled Company served as authorized advisor to KnowBe4.
Guggenheim Securities, LLC served as monetary advisor and Kirkland & Ellis LLP served as authorized counsel for Vista.
About KnowBe4
KnowBe4, the supplier of the world’s largest safety consciousness coaching and simulated phishing platform, is utilized by greater than 56,000 organizations across the globe. Based by IT and information safety specialist Stu Sjouwerman, KnowBe4 helps organizations tackle the human factor of safety by elevating consciousness about ransomware, CEO fraud and different social engineering techniques via a new-school strategy to consciousness coaching on safety. Kevin Mitnick, an internationally acknowledged cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 coaching based mostly on his well-documented social engineering techniques. Tens of hundreds of organizations depend on KnowBe4 to mobilize their finish customers as their final line of protection.
About Vista Fairness Companions
Vista is a number one international funding agency with greater than $95 billion in property beneath administration as of September 30, 2022. The agency solely invests in enterprise software program, information and technology-enabled organizations throughout personal fairness, everlasting capital, credit score and public fairness methods, bringing an strategy that prioritizes creating enduring market worth for the good thing about its international ecosystem of buyers, firms, prospects and workers. Vista’s investments are anchored by a large long-term capital base, expertise in structuring technology-oriented transactions and confirmed, versatile administration methods that drive sustainable development. Vista believes the transformative energy of expertise is the important thing to an excellent higher future – a more healthy planet, a wiser economic system, a various and inclusive group and a broader path to prosperity. Additional data is offered at vistaequitypartners.com. Observe Vista on LinkedIn, @Vista Fairness Companions, and on Twitter, @Vista_Equity.
